Bridgebank completes £10.4m loan

Bridgebank Capital has competed a £10.4m loan to a high net worth property professional in the North West.

The short term loan, secured against a large residential investment portfolio, allowed the client to complete a settlement with his existing lender.

The deal was completed through Bridgebank’s Quantum brand.

Carl Graham, Sales Director at Bridgebank, said: “Jade Keval, the Business Development Manager and Chris Edwards, the Senior Credit Manager on this case, together with the Quantum by Bridgebank Capital Senior Management Team, worked extensively with the borrower and introducer on this case to gain a detailed understanding of the existing facility, and ensure that our new facility provided the borrower with the flexibility and time required to achieve the proposed exit.”

The loan also provided a full and final resolution settlement to certain aspects of the deal with the original lender, which the borrower had disputed.